A minimum wage mostly creates unemployment among older workers
a. true
b. false
Answer: b. false
You might also like to view...
Which of the following labor markets is more likely to be competitive?
A) Receptionists B) Singers C) Soccer players D) Sculptors
Many social policies, such as progressive income tax systems, are based on the idea that
a. everyone values money the same b. politicians are more responsive to the interests of the rich c. interpersonal comparisons of utility, however difficult, can be made d. the poor have a lower consumer surplus than the rich e. everyone has the same utility function
Monoploy
What will be an ideal response?
If the number of unemployed workers doubled and the number of employed workers stayed the same, the unemployment rate would
A. fall. B. stay the same. C. rise by less than 100%. D. rise by 100%. E. rise by more than 100%.